The Indian High Commission has allocated US $100 million for agriculture and mechanization activities in Kenya and another US $ 300 million to aid in developing expertise and skills in Small and Medium Enterprises. This was announced by Indian High Commissioner, Mrs. Suchitra Durai while opening the 34th Indian Engineering Exhibitions (INDEE) in Kenya on November 9 at KICC.
The second to be held in Kenya has been hosted across 25 countries in five continents. It is the largest trade and investment promotion council in India and was set up under the sponsorship of Ministry of Commerce, Government of India serving over 13,000 members from large corporate houses, star trading houses and SMEs.“INDEE” is a flagship event of EEPC India to promote brand India across the globe and provide a platform to India Exporters to showcase their strengths and capabilities in emerging and developed markets.
Giving her address, Mrs. Durai recognized how Kenya and India have been working together as valuable partners in the area of industrialization and bilateral relations. “Since colonial times, both countries have worked hand in hand in promotion of different events either in ICT or business delegation. India is an important partner also in ensuring that Kenya meets its industrialization agenda.”
She continued , ” We hope to continue engaging in other areas like production of refined petroleum products, revival of Rivatex, a textile company, sugar processing and cement production. We also intend to sign a Memorandum of Association (MoU) on renewable marine energy under the blue economy, “remarked Mrs. Durai.
Moreover, Durai urged the Indian delegation together with their companies heavily invest in Kenya and in turn assured Kenya that her country is ready to share its expert and skills in other areas of interest.
Director of Export Promotion Council, Mr. Solomon Boit stated that Kenya appreciates trade investments from India in a wide range of sectors such as engineering, energy, manufacturing, automotive, distribution and wholesale among others. “It is our hope that these companies attest to the fact that Kenya is a good place to invest in,” he added.
Concluding, Mr Boit encouraged more partnerships with India in untapped opportunities that business people from India can invest in by way of partnerships, public-private partnerships (PPP) or as an entrepreneur. The areas could be agribusiness, textile or cotton processing, tourism, manufacturing and mining.
The INDEE in Kenya will provide an ideal platform to Indian companies based in Kenya and adjoining countries to showcase their products. INDEE Kenya will be coinciding with Kenya Pharma Expo an event supported by Federation of East African Pharmaceuticals Manufacturers & Federation of Kenya Pharmaceutical Manufacturers of Kenya. Along with pharmaceutical machinery sector, EEPC is also focusing on other related sectors such as packaging, machinery, plastic processing machinery, food processing machinery, agricultural machinery, refrigeration and air-conditioning, automobile components and parts, heavy engineering machinery, electrical machinery, medical research, medical tourism and service sector.